Bank of India Personal Loan

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The Bank of India (BOI) has amazing Personal Loan schemes with immediate benefits to its customers. The primary reasons to why Bank of India Personal Loan is most preferred, is, these loans can be used for many purposes, and carry low rate of interest. The customers receive holistic service and can take benefit of different kinds of personal loans.

Bank of India Personal Loan Details Updated on 19th November 2018

Loan Amount

Rs.10,0000 to Rs.10,00,000

Loan Tenure

5 Years

Interest Rate

12.60% to 14.60%

Why Choose BOI Personal Loan?

The advantage of this loan is its same interest throughout the duration.

Simple documentation is needed and the personal loan in Bank of India then gets processed faster.

The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.

Features and Benefits of Bank of India Personal Loan

Loanbaba.com provides all the information about BOI Personal Loan.

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Loan Amount *

Monthly Net Take-Home Salary *

Employer Name *

Full Name *

Mobile Number *+91

Email *

City *

I authorize loanbaba.com & its partners to call/SMS/email me about its products, and fetch my credit/CIBIL report when needed. I accept that approval of loan is a sole discretion of the bank. I agree to all Terms and Conditions and the privacy policy.

Rate of Interest

Perfect customer service

The bank has its customer service helpline to enable its borrowers and clients connect with the bank for queries. They can also visit the nearest branch to get more details about the issue.

Different types of loans

The Bank of India offers secured as unsecured personal loans to the borrowers. The unsecured personal loans are usually for complying with medical expenses, renovation and repair of the house, education fee, etc. The secured loans, on the other hand, can be used to repay the previous pending loans.

Why Apply for BOI Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Bank of India. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for BOI Personal Loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Bank of India Personal Loan Eligibility

The applicant should be over 18 years and specifically an Indian resident.

The applicant should either be a professional, salaried employee, high worth individual, regular pensioner, a family pensioner with monthly pension withdrawal from the bank branch, staff member or a retired employee.

The applicant should be a regular source of income with a good credit score.

Types of Bank of India Personal Loans

BOI has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

The Bank of India considers equitable and legal mortgage of the commercial or residential properties as security. This security is taken in the form of Kisan Vikas Patra, Indira Vikas Patra, and relief bonds, a pledge of gold or jewellery and LIC policy assignment.

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Bank of India Personal Loan Review

Personal loan by Bank of India was perfect, but the turnaround time is something they can work upon.

Ajeet G. Pathak

MumbaiNovember 17, 2018

Personal Loan

starstarstarstarstar15.0/5

I had applied my personal loan in Mumbai at Bank of India. I was in dire need of funds and fortunately got the loan amount soon.

Alisha Sarjare

MumbaiNovember 17, 2018

Personal Loan

starstarstarstarstar15.0/5

Taking personal loan in Gujrat by Bank of India through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Corporation without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.

Salman Shaikh

MumbaiNovember 15, 2018

Personal Loan

starstarstarstarstar13.0/5

The Bank of India has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.